Hey Guys, I have been working on this for awhile now and I am now to the point where input is appreciated and needed. I call it Trig Trading with pivots. You work the Triangles until the price moves out. If there is no test then you adjust another Triangle in. Here is an example of how it looks on the 15 Min Timeframe. There is a formula that I use and can tell 80% of the time if the bounce will be good.
The following chart shows the G/U 15 min and the current action should be limited in the the DarkTurquoise Triangle and the Orange trendline channel markers. This is a waiting time now and I am waiting for the price to come to either of the white X's
Jim
The following chart shows the G/U 15 min and the current action should be limited in the the DarkTurquoise Triangle and the Orange trendline channel markers. This is a waiting time now and I am waiting for the price to come to either of the white X's
Jim